15 апреля 2020, GBP/USD
Technical observation
After several days of rallying upwards, GBP is currently trading below a resistance zone 1.2770-1.2746 with an increasing bearish bias. If you bought this pair within the supportive zone 1.2209-1.2173 after a bounce, you can pick your profits now. However, if you are currently neutral with this pair, wait for another correction to the zone 1.2209-1.2173 and a rejection at it to buy GBP. In case there is a clear penetration above the resistance zone 1.2770-1.2746 with a big green candle, an increase in the value of this pair towards the key level marked at 1.3312 can be expected. Right now remain flat.
Trade recommendation
Remain neutral.
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